Uganda

Overview:

Uganda has substantial natural resources, including fertile soils, regular
rainfall, and sizable mineral deposits of copper and cobalt. Agriculture is
the most important sector of the economy, employing over 80% of the work
force. Coffee is the major export crop and accounts for the bulk of export
revenues. Since 1986 the government - with the support of foreign countries
and international agencies - has acted to rehabilitate and stabilize the
economy by undertaking currency reform, raising producer prices on export
crops, increasing prices of petroleum products, and improving civil service
wages. The policy changes are especially aimed at dampening inflation and
boosting production and export earnings. In 1990-94, the economy turned in a
solid performance based on continued investment in the rehabilitation of
infrastructure, improved incentives for production and exports, and
gradually improving domestic security. The economy again prospered in 1994
with rapid growth, low inflation, growing foreign investment, a trimmed
bureaucracy, and the continued return of exiled Indian-Ugandan
entrepreneurs.

National product:

GDP - purchasing power parity - $16.2 billion (1994 est.)

National product real growth rate:

6% (1994 est.)

National product per capita:

$850 (1994 est.)

Inflation rate (consumer prices):

5% (1994 est.)

Unemployment rate:

NA%

Budget:

revenues:

$365 million

expenditures:

$545 million, including capital expenditures of $165 million (1989 est.)